Summary - Flat 18, The Sycamores PL25 4BH
1 bed 1 bath Commercial Property
Town-centre mixed-use freehold with rental income now — conversion potential subject to consent..
- Three flats producing approx £18,540 gross rental income per year
- Vacant office accommodation above with two tandem parking spaces
- Lapsed prior approval for B1(a) to C3 conversion (PA19/02361)
- Sold freehold via livestream auction; immediate exchange on sale
- Administration and buyer's premium fees payable on exchange (£1,200/£480)
- Very slow broadband; electric room heaters, separate utilities per flat
- Area recorded as high crime and locally deprived
- Vacant offices and flats will require refurbishment and investment
A mixed-use freehold in central St Austell offering immediate rental income and redevelopment potential. Three separate flats are let on ASTs producing approximately £18,540 pa, providing a stable cashflow for an investor seeking town-centre stock. The adjoining building contains vacant office accommodation with two tandem off-street parking spaces and previously lapsed prior approval for change of use (PA19/02361).
This property suits an investor or developer who can manage tenancies while progressing refurbishment or a formal change of use application. The flats are on separate utilities and a management company is in place, simplifying tenant administration. The vacant offices provide scope to add value but will need investment to convert or modernise.
Buyers must note material drawbacks: the prior approval has lapsed so any residential conversion is not guaranteed without fresh consent; broadband speeds are very slow; the locality has a high crime statistic and the wider area is classified as deprived. The property will be sold at livestream auction with immediate exchange on a successful bid and additional fees payable on exchange (see legal pack for disbursements and detailed terms).
Commercial property for sale in High Cross Street, St Austell, PL25 — £275,000 • 1 bed • 1 bath • 1669 ft²
1 bedroom terraced house for sale in Market Hill, St. Austell, Cornwall, PL25 — £90,000 • 1 bed • 1 bath
High street retail property for sale in Fore Street, St. Austell, Cornwall, PL25 — £595,000 • 1 bed • 1 bath • 9022 ft²
Block of apartments for sale in Trenance Mill, Blowinghouse Hill, St Austell PL25 5AH, PL25 — £200,000 • 1 bed • 1 bath • 12000 ft²
Commercial development for sale in 10 High Cross Street, St Austell, South West, PL25 — £500,000 • 1 bed • 1 bath • 23522 ft²
3 bedroom terraced house for sale in Cross Lane, St. Austell, PL25 — £155,000 • 3 bed • 2 bath
